Ocean Renewable Power Company

Chris Sauer, President & CEO

2013 Arctic Energy SummitAkureyri, IcelandOctober 9, 2013

www.orpc.co

About ORPC• Established in 2004 to develop new technology and eco-

conscious projects that generate emission-free electricity from rivers and oceans while creating substantial local economic benefits

• Modular, effective and proven core technology component (turbine generator unit, or TGU) with low vertical profile that has been adapted for tidal, river and deep water ocean current applications

• An industry leader in development of hydrokinetic energy projects, including community, agency and other stakeholder outreach, environmental protocols, monitoring and licensing, supply chain development, and maximizing community economic opportunities

• Headquartered in Portland, Maine; operations center in Eastport, Maine; and project development office in Anchorage, Alaska. Currently 25 employees.2

www.orpc.co3

Cobscook Bay TidGen® Power System is the first

hydrokinetic ocean energy project to deliver power to an

electric utility grid in all of the Americas.

Making HistoryAugust 2012

www.orpc.co4

• Self-deploying pontoon support structure tested in Alaska in 2011.

• Power system tested in Maine in 2012.

• Next-generation system to be installed in Igiugig, Alaska in 2014.

RivGen® Power System

www.orpc.co

Energy Supply Issues in the Arctic• Reliable energy supply in Arctic communities is critical, a

life-or-death situation.

• Arctic communities are consumers of energy that is not often affordable, reliable or accessible to them, greatly impacting their sustainability.

• Energy supply to Arctic communities is almost always imported from elsewhere.

• Responsible and sustainable development of renewable and extractive energy

resources is a challenge (and an opportunity) in the Arctic.

• Because of remoteness and low population densities, energy supply issues in the Arctic are

not in the forefront when energy policy is being developed.5

www.orpc.co

Arctic Renewable Energy Development

• The harsh weather, fragile environment, remoteness and unique cultures of Arctic communities make sustainable development of any kind a challenge.

• Introducing new technology into the Arctic environment adds a whole new level of complexity.

• Because populations are small and dispersed over large areas, Arctic communities don’t offer the same profit potential as large cities.

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Challenges

Opportunities• The Arctic has abundant renewable energy resources, including

wind, solar, geothermal, river and tidal current, and wave energy. • The “avoided cost” of new electricity supply is very high.• Technology exists today for integrating different types of

renewable energy into a complete energy supply solution.• Arctic communities are motivated and committed to new solutions.

www.orpc.co

Success Model

Successful Projects

Reliable, economic, sustainable energy supply for and by

northern peoples that create jobs and other

long term economic opportunities

Technology & Project

DevelopersRenewable

energy expertiseNew technology

Replication

Arctic Communities & Companies

Community SupportLocal knowledge

& expertiseInfrastructure

GovernmentPolicies

promoting development

Sensible regulations

Funding assistance

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